Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.010%
Price spread now: Hotstuff against Pacifica+0.103%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropPacifica: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hotstuff is 0.103% dearer against Pacifica than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica NATGAS | 3.0032 | 0.0100 | pay 0.0013% / 1h | 47m 13s | $68K | $33K | 10x |
| Short | Hotstuff NATGAS-PERP | 3.0063 | 0.0200 | get 0.0025% / 1h | 47m 13s | $35K | — | 20x |
Pacifica NATGAS
Hotstuff NATGAS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: +0.103% → 0.000%
- $10.32
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- $18.32
- Costs to cover
- 0.130%
- Break-even
- 0.9 days
Slippage unknown: Pacifica: no order-book sample; Hotstuff: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Pacifica no order-book sample | — | — | — | — | — |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Pacifica and Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NATGAS on 26 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX NATGAS-USDT | 0.0000% | 4h | 3.0072 | +0.133% | $2K | $2.4M | 20x | as long as short |
| Lighter NATGAS | +0.0032% | 1h | 3.0058 | +0.087% | $629K | $503K | 10x | as long as short |
| QFEX NATGAS-USD | +0.0033% | 1h | 3.0050 | +0.060% | $660K | $96K | 20x | as long as short |
| Vest NG-PERP | +0.0046% | 1h | 3.0050 | +0.060% | — | $14K | 10x | as long as short |
| Ondo Perps NATGAS-USD.P | +0.0050% | 1h | 3.0042 | +0.033% | $83K | $26K | 10x | as long as short |
| Extended XNG-USD | +0.0080% | 1h | 3.0048 | +0.052% | $110K | $364K | 5x | as long as short |
| Paradex NG-USD-PERP | +0.0082% | 8h | 3.0072 | +0.133% | $5K | — | 5x | as long as short |
| Pacifica NATGASlong | +0.0100% | 1h | 3.0032 | long leg | $68K | $33K | 10x | |
| ApeX Omni NATGASUSDT | +0.0100% | 1h | 3.0100 | +0.226% | $37K | $219K | 50x | as long as short |
| Orderly PERP_NATGAS_USDC_mythos | +0.0100% | 8h | 3.0000 | −0.107% | $3K | $544 | 10x | as long as short |
SunX NATGAS-USDT
Lighter NATGAS
QFEX NATGAS-USD
Vest NG-PERP
Ondo Perps NATGAS-USD.P
Extended XNG-USD
Paradex NG-USD-PERP
ApeX Omni NATGASUSDT
Orderly PERP_NATGAS_USDC_mythosShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex NGUSDT | +0.0100% | 4h | 3.0060 | +0.093% | $1.5M | $92K | 10x | as long as short |
| tradeXYZ xyz:NATGAS | +0.0139% | 1h | 3.0056 | +0.080% | $6.0M | $5.6M | 10x | as long as short |
| Hotstuff NATGAS-PERPshort | +0.0200% | 1h | 3.0063 | +0.103% | $35K | — | 20x | |
| KuCoin NATGASUSDTM | +0.0378% | 4h | 3.0050 | +0.060% | $1.0M | $975K | 20x | as long as short |
| HTX NATGAS-USDT | +0.0389% | 4h | 3.0068 | +0.120% | $107K | $212K | 75x | as long as short |
| GRVT NATGAS_USDT_Perp | +0.0426% | 4h | 3.0042 | +0.032% | $13K | $224K | 25x | as long as short |
| Aster NATGASUSDT | +0.0435% | 4h | 3.0060 | +0.093% | $264K | $74K | 50x | as long as short |
| GMX NATGAS/USD [ETH-USDC] | L +0.0503% / S −0.0448% | 1h | 3.0055 | +0.077% | $92K | — | 45x | as long as short |
| Gate NG_USDT | +0.0576% | 8h | 3.0100 | +0.226% | $1.5M | $193K | 100x | as long as short |
| OKX NG-USDT-SWAP | +0.0641% | 8h | 3.0060 | +0.093% | $869K | $1.7M | 50x | as long as short |
| BloFin NG-USDT | +0.0643% | 8h | 3.0050 | +0.060% | $82K | $195K | 20x | as long as short |
| Variational Omni NATGAS | +0.0643% | 4h | 3.0050 | +0.059% | $317K | $449K | — | as long as short |
| Binance NATGASUSDT | +0.0668% | 4h | 3.0057 | +0.083% | $10.3M | $28.2M | 100x | as long as short |
| edgeX NATGASUSDC | +0.0689% | 4h | 3.0051 | +0.063% | $85K | $213K | 20x | as long as short |
| Bitget NATGASUSDT | +0.1034% | 4h | 3.0030 | −0.007% | $9.9M | $3.2M | 100x | as long as short |
| Kraken Futures PF_NATGASUSD | +0.1181% | 1h | 3.0073 | +0.137% | $56K | $35K | 20x | as long as short |
Phemex NGUSDT
tradeXYZ xyz:NATGAS
KuCoin NATGASUSDTM
HTX NATGAS-USDT
GRVT NATGAS_USDT_Perp
Aster NATGASUSDT
GMX NATGAS/USD [ETH-USDC]
Gate NG_USDT
OKX NG-USDT-SWAP
BloFin NG-USDT
Variational Omni NATGAS
Binance NATGASUSDT
edgeX NATGASUSDC
Bitget NATGASUSDT
Kraken Futures PF_NATGASUSD